+1-415-670-9189
info@expertsmind.com
Economics assignment
Course:- Business Economics
Length: 13
Reference No.:- EM13158




Assignment Help
Assignment Help >> Business Economics

The document contains following crucial Questions and their elaborated comprehensive answers:-

1.      A. How do merit goods differ from public goods? Illustrate your answer with appropriate examples.

B. Which of the following have the property of non-rivalry?

1.      A can of drink

2.      public transport

3.      a commercial radio broadcast

4.      The sight of flowers in Public Park.

2.      How will you define economies of scale?

3.      What is meant by diseconomies of scale?

4.      Why are the firms likely to experience economies of scale up to a certain size and then diseconomies of scale after some point beyond that?

5.      Explain the following concept with examples:

  • Variable Cost
  • Fixed Cost

6.      In the long run all the costs are variable. Explain?

7.      With the help of appropriate examples , define the following terms :

?   Black Economy

?   Money Laundering

8.      Using examples explain the terms 'consumer surplus' and 'producer surplus'?

9.      With the help of diagrams, explain the factors that can influence the level of demand and supply for a product. Discuss the concept and significance of cetrius paribus when analyzing these factors. Illustrate your answer with suitable examples.

At the end of the assignment also given the references which are very crucial to be studied




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Supposse the (external) damage done by pollution is known to be MD=300+5q, and the (private) cost and benefit are given by MC=100+2q and MB=D-2q, where D is not known. Suppose
Does a minimum wage above equilibrium cause unemployment in certain jobs or does a minimum wage narrow the range of wages available in the market by pushing up the equilibrium
In a perfectly competitive factor market, a firm finds that the marginal factor cost of a factor of production is: The price paid by a firm for a factor of production in a per
Consider an intertemporal model in which representative households choose consumption, c (subscript t), money holdings, m(subscript t+1), and bond holdings, b (subscript t+1),
Description of how globalization should have improved/not improved the situation in a country such as Malawi including. Characteristics of Globalization for a country such as
Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this. Everyone should enjoy open access to health
The Capitalpoor Company is considering purchasing business machine for $100,000. An alternative is to rent it for $35,000 at the beginning of each year. The rental would inclu
Now assume that the state is going to give as many contracts as desired so now you are operating in a competitive market. how will your price and out put decisions change?